MIVA, OK I went back and looked at the PE of the "cash" stock GOOG. It has a PE of 120, so even if MIVA only earns 3 cents per quarter, at a PE of 120, the stock would sell for $14.40. With existing earnings of 54 cents, a PE of 120, the price would be $64.80. Either way at $7, the stock looks cheap.